Invesco is launching new liquid alternative open-end mutual funds, expanding the firm's range of alternative offerings.
Invesco is introducing:
• Invesco Global Targeted Returns Fund
• Invesco All Cap Market Neutral Fund
• Invesco Global Market Neutral Fund
• Invesco Long/Short Equity Fund
• Invesco Macro Long/Short Fund
• Invesco Macro International Equity Fund
"These new funds represent the next phase in our rich history of alternative asset management, covering retail investors, pension plans, sovereign wealth funds and institutions," says Gary Wendler, head of product development and investment measurement/risk. "Our alternative product suite is managed by seven seasoned teams encompassing more than 200 investment professionals across North America, Europe and Asia-Pacific."
"We offer multiple liquid alternative strategies that can help advisors build the foundation for an intentional portfolio to meet their asset allocation needs," says Andrew Schlossberg, head of US retail distribution and global ETFs. "We've found that advisors are seeking to meet their allocation needs using a combination of active and passive strategies through multiple vehicles. We believe accessing alternatives through our mutual funds and ETFs provides investors with enhanced transparency, daily liquidity, frequent reporting, and familiar benchmarks.”
Invesco's newest liquid alternative funds draw from the experience of teams from Invesco Global Asset Allocation, Invesco Quantitative Strategies and the multi asset team from Invesco Perpetual.